Solana holds $100 support as VeChain retraces; experts bullish on Rebel Satoshi

Some top cryptocurrencies, including Solana’s SOL, have underperformed despite the recent cryptocurrency market bull wave, whereas VeChain’s VET is up almost 100%. Rebel Satoshi, a meme coin, has also raised more than $2.2 million in its ongoing public presale.

Solana TVL soars past $2 billion

According to DefiLlama data on Feb. 20, the current amount locked in DeFi applications on Solana is $2.028 billion, a mark which was last seen in June 2022. This represents a significant improvement since the December low of less than $1 billion. 

Since this news, there has been a decline in the value of Solana contrary to expectations. SOL has dipped from $108.46 on Feb.20 to $99.95 on Feb. 23, representing a 7.85% decline. Experts have expressed concerns about investing in SOL due to this price action and have predicted that SOL will fall to $89.76 by mid-March.

On the contrary, some experts believe that SOL will rise as a result of the collaborations in the Solana ecosystem. They have predicted that SOL will rise to $165.87 by the end of March.

VeChain and BCG collaborate for sustainability

On Dec. 1, 2023, VeChain announced a new sustainability relationship with global consulting firm Boston Consulting Group (BCG).

The partners intend to use blockchain technology to allow meaningful environmental improvements, beginning with cutting carbon emissions in high-impact industries such as agriculture.

Since this announcement, there has been a significant increase in the value of VET.

VeChain has witnessed a rise in VET valuation from $0.023 on Dec.3, to $0.044 on Feb. 23, representing a 91.30% increase.

Following this partnership, analysts predict that VET will rise to $0.065 by April.

Conversely, the lack of partnerships for VeChain has made some experts give negative predictions for VET. They have predicted that VeChain will witness a decline in VET valuation to $0.034 by mid-March.

Rebel Satoshi shines in presale

Rebel Satoshi, a meme coin initiative that seeks to challenge the harsh rules of centralized crypto businesses, has sparked investor attention following a successful performance during its public presale.

To be more exact, Rebel Satoshi has raised over $2.1 million since the presale on Nov. 5.

Aside from meeting many of its presale objectives, Rebel Satoshi has become the favored investment for investors due to its community-based approach to battling centralization. Additionally, investors believe Rebel Satoshi is the top ICO because of its native RBLZ currency, with deflationary tokenomics and a supply cap of 250 million tokens. 

Rebel Satoshi is now in Recusants Round 5 with RBLZ trading at $0.024. It will rise to $0.025 at the end of the presale. However, prices are up by 140%, rising from $0.010 registered during the Early Bird Round.